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Documents Chap 9

Measures of Price Sensitivity 1 This chapter reviews the factors that cause bond prices to be volatile. The Macaulay measure of duration and modified duration are described.…

Documents Forecasting Default With the KMV-Merton Model

Forecasting Default with the KMV-Merton Model Sreedhar T Bharath and Tyler Shumway∗ University of Michigan April 26, 2005 Abstract We examine the accuracy and contribution…

Business Chap 4

1. Interest Rates Chapter 4 2. Types of Rates Treasury rates LIBOR rates Repo rates 3. Measuring Interest Rates The compounding frequency used for an interest rate is the…

Economy & Finance Financial notes

1. FINANCE NOTES Mike Cliff Current Draft: June 30, 1998 2. Contents 1 Introduction 1 2 Asset Pricing 3 2.1 Introduction . . . . . . . . . . . . . . . . . . . . . . . .…

Education Building Your Future: Investing

1. Building Your Future: Investing A Student and Teacher Resource for Financial Literacy Education Copyright © 2009, 2011, 2013 The Actuarial Foundation 2. About This Book…

Education Bonds & Bond Pricing

1. Financial Mathematics for Actuaries Chapter 6 Bonds and Bond Pricing 1 2. Learning Objectives 1. Types, features and risks of bond investments 2. Formulas for pricing…

Documents Measuring the Performance of Market-Based Credit Risk Models William Morokoff, Managing Director...

Slide 1Measuring the Performance of Market-Based Credit Risk Models William Morokoff, Managing Director Quantitative Analytics Research Group Standard & Poors PRMIA-CIRANO…

Documents 1 FINC4101 Investment Analysis Instructor: Dr. Leng Ling Topic: Bond Pricing and Yields.

Slide 11 FINC4101 Investment Analysis Instructor: Dr. Leng Ling Topic: Bond Pricing and Yields Slide 2 2 Learning objectives 1. Compute the price of a zero-coupon bond. 2.…

Documents Investing in Your Future Developed by: Joel Schumacher Associate Specialist [email protected]....

Slide 1Investing in Your Future Developed by: Joel Schumacher Associate Specialist [email protected] Dept. of Agricultural Economics & Economics MSU Extension Slide…

Documents ECONOMIC HIGHLIGHTS 2 nd QUARTER 2008 STATE OF ISRAEL MINISTRY OF FINANCE INTERNATIONAL AFFAIRS...

Slide 1ECONOMIC HIGHLIGHTS 2 nd QUARTER 2008 STATE OF ISRAEL MINISTRY OF FINANCE INTERNATIONAL AFFAIRS DEPARTMENT July 2008 International Affairs Department International…